With the entry into force of the Financing Law 1943 of 2018, tax benefits were established to which companies created as of January 1, 2019 will be able to access, as is the case of orange economy companies and development of the Colombian countryside. Next, we will answer the following question: Did the Financing Law … Read more
Companies in the agriculture, livestock, hunting, transportation and storage sectors, among others, should pay attention. The registration deadline for manufacturing industries, which will have to invoice electronically by October 1, 2019, will end on June 1. From June 1, 2019, thousands of Colombian companies will have to compulsorily adopt electronic invoicing, according to the calendar … Read more
Decree 957 of June 5, 2019 establishes new criteria to classify micro and small companies, which affect the process of requesting authorization for invoicing numbering and the use of the free electronic invoicing software offered by the Dian. After having announced it through several draft decrees published since late 2016, the Ministry of Commerce, Industry … Read more
Jaime Cabal indicates that 336,000 entrepreneurs, natural persons, were left out of the subsidy. Alberto Carrasquilla acknowledged the error and natural person employers are already taken into account. Salomón Kalmanovitz says that the subsidy falls short because the Government did not want to impose taxes on large companies. The Minister of Finance, Alberto Carrasquilla, said … Read more
The national government intends to support the recovery and cash flow of micro and small companies. The Ministry of Finance, through a draft decree, announced that it seeks to postpone the income tax payment deadline, for the taxable year 2020, for micro and small companies in the commerce, industry and tourism sector. The purpose of … Read more
Decree 374 of April 9, 2021 approved that the filing of the tax return shall continue to be made between April 12 and May 7, 2021. However, the payment of the first installment will be due between June 9 and 23, 2021, and the payment of the second installment between November 9 and 23, 2021. … Read more
The Dian will apply reductions of penalties, interest and capital on tax obligations administered by the entity that are in charge of companies affected by COVID-19. Decree 939 of 2021, which regulates the benefit, establishes different options of terms and amounts. Decree 939 of August 19, 2021, which partially regulates Legislative Decree 560 of 2020, … Read more
For 2018, companies that have gross assets as of December 31, 2017 that are equal to or greater than $3,688,585,000 (5,000 smmlv) and/or have gross revenues as of December 31, 2017 that are equal to or greater than $2,213,151,000 (3,000 smmlv), must have a statutory auditor. Article 203 of the Code of Commerce generally establishes … Read more
Through Circular 201-000004 of November 10, 2017, the SuperSociedades set the deadlines and conditions under which Group 1 and 2 companies must send it their basic financial statements for 2017; the XBRL EXPRESS software will continue to be used for this process. Last November 10, 2017, the Superintendence of Companies issued the single Circular number … Read more
The Ministry of Finance issued Decree 1951 of November 28, 2017 to set the 2018 tax calendar. However, there are at least 3 articles of said decree that have problems of outdatedness for not taking into account all the changes introduced with Law 1819 of 2016. Last November 28, 2017, the Ministry of Finance issued … Read more
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